Philippines' Jollibee raises stake in U.S. based Smashburger Master

MANILA (Reuters) - Philippine fast-food giant Jollibee Foods Corp said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner of the U.S. hamburger chain, as it steps up its global presence.

Philippines' Jollibee raises stake in U.S. based Smashburger Master
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